Vietnam Social Insurance pays increased pensions to 3.55 million retirees

In early July, Vietnam's Social Insurance agency disbursed updated pension and social‑insurance payments to more than 3.55 million recipients, raising benefits by 8 percent. The payouts totalled 24.320 trillion Vietnamese đồng, with 3.32 million retirees receiving payments through personal bank accounts (over 93 % of beneficiaries) and about 226 000 paid in cash.

The distribution was carried out in two phases across 34 provinces and cities on July 1 and July 2, following the government's Decree 162 that mandates the pension and allowance adjustments. Local agencies verified beneficiaries’ records and account details before processing electronic transfers, while cash payments were coordinated with designated service organisations for those without bank access. The rapid rollout aims to ensure timely receipt of higher benefits for millions of retirees nationwide.